North Dakota § 15.1-07-03 District's limit of indebtedness - Resolution

North Dakota Statutes

§ 15.1-07-03 — District's limit of indebtedness - Resolution

North Dakota § 15.1-07-03

Title 15.1Elementary and Secondary Education

Ch. 15.1-07School Districts

This text of North Dakota § 15.1-07-03 (District's limit of indebtedness - Resolution) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 15.1-07-03 (2026).

Text

1.The board of a school district may by resolution place on the ballot of any primary or general election the question of increasing the district's limit of indebtedness, beyond that fixed by the constitution, by five percent of the assessed valuation of all taxable property in the district.

2.The board of a school district shall place on the ballot of the next primary or general election the question of increasing the district's limit of indebtedness, beyond that fixed by the constitution, by five percent of the assessed valuation of all taxable property in the district, if the board receives a petition requesting the increase and signed by qualified electors of the district equal in number to at least one-third of those who voted at the most recent annual school district election.

Free access — add to your briefcase to read the full text and ask questions with AI

1. The board of a school district may by resolution place on the ballot of any primary or
general election the question of increasing the district's limit of indebtedness, beyond
that fixed by the constitution, by five percent of the assessed valuation of all taxable
property in the district.
2. The board of a school district shall place on the ballot of the next primary or general
election the question of increasing the district's limit of indebtedness, beyond that fixed
by the constitution, by five percent of the assessed valuation of all taxable property in
the district, if the board receives a petition requesting the increase and signed by
qualified electors of the district equal in number to at least one-third of those who
voted at the most recent annual school district election.